Bitcoin Forum
June 21, 2024, 07:36:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 »
2621  Economy / Trading Discussion / Re: I quit trading on: December 24, 2016, 09:43:05 AM
Now the question is: what the fuck do i do now with my money.

Leave it on black day, or on gold day when BTC will be cost 1000$
If you had taken this advice back then, it would have been well worth it as the $1000 per BTC is now staring us in the face. Investing in bitcoin itself is turning out one of the best performers these few years and I think it is going to attract many more investors and speculators in the coming years, which can be a pointer that the rates would stay mouth watering for sometime.

So, did you really took the advice or what decision did you eventually settle for?
2622  Economy / Trading Discussion / Re: Head and Shoulders "Bottom" formations x3 on: December 24, 2016, 08:39:41 AM
I never bother about these types of pattern recognition as after some time we can see controversy explanation for any pattern which was described earlier in opposite way.

When you are searching for the pattern in 1 hour charts you may see some patterns which may not be available in 4 hours charts.

I am ready to wait for long, so I guess I do not need to bother about intermediate fluctuations.
When you carry out market analysis in any financial market, it should never be based on the lower time frames, because those times frames are mostly market noise and doesn't reflect overall market trend. You use as from the 4 Hours time frame, to study and ascertain the main market trend, then scale down to especially the 15 minutes time chart for spotting best entry and exit points.
2623  Economy / Trading Discussion / Re: $1000 is on the way on: December 24, 2016, 08:24:59 AM
Yes, we are on the way to $1000, but I hope that bitcoin would slow down and stay at below $1000 for a while, at least a week or more so it could strengthen its ground, by that when we enter the $1000 we are stronger and the support is thick already, it won't fall sharp when it slow down, remember, it won't  always a bull run...

Hoarders might release what they hold by the end of the holiday so better make its feet stronger first than expecting it to climb fast ...   Smiley
I think the $1000 price mark is now sure to happen, but massive profit taking would see to it that, $1000 per mark doesn't linger. Subsequently, renewed pressure might see the market testing the level over and over again, giving the huge demand for bitcoin from many corners these days.  
2624  Economy / Trading Discussion / Re: Have you ever exchanged BTC face to face? on: December 24, 2016, 08:04:10 AM
I simply know F2F exchange is a possibility and often more profitable, but I am yet to give it a try, because I have not really found a need to, as my online exchanges are doing just fine. Someday however, I hope to give it a try, though huge amounts are out of the question, except with people I know, should I settle for cash.
2625  Economy / Trading Discussion / Re: $1000 is on the way on: December 23, 2016, 03:34:37 PM
I can sense the pressure from miners and pumpers to push it to $1000 just before New Year, if only because of the symbolism and perhaps a bit of Christmas commercial value. It will only be temporary though as artificial pumps go... but the ensuing slump will be just as temporary when btc resumes its slow climb to old heights.
I don't think artificial pumping has a thing to do with the surge in price, in the cryptocurrency world, it has been proven there is only bitcoin and the rest. Across the exchanges you can see prices of all other coins are headed south, while bitcoin faces the true north as the pioneer and revolutionary coin.

People across the globe can't help but buy into the money of the future, no thanks to the high inflationary rates burden the fiat currencies have saddled people with already and thank goodness for the respite and safe haven that bitcoin is. As I write, am looking at $902.41 to a bitcoin at CoinDesk, $1000 per BTC is a psychological level, that has been on the lips of many cryptographers, so it is already too late for market price not to get there any moment from now.
2626  Economy / Trading Discussion / Re: What is your trading strategy? on: December 23, 2016, 02:47:27 PM

By using my technical analysis, I learned to extract all information from charts and process to go to work.
How the market evolves, my method can endure every rising and every falling trend.
Buy and sell at the right time!
After years of experience, I became a successful trader.
Technical analysis is great but it is not enough you need to also watch the news regarding whatever you are trading, since not everything is going to appear in the charts.
Actually it is fundamentals (news) that sets the pace for the movements we see in the financial markets - fiats or cryptocurrencies. Technical analysis only steps in, to delineate the possible range for every such movement. So it is highly essentially that every trader ought to keep his eyes on the news as that's where major upsets in the market is triggered.
2627  Economy / Games and rounds / Re: ►►►Crypto-Games.net | Presents from Santa | FREE up to 0.01 BTC ◄◄◄ on: December 23, 2016, 02:05:54 PM
Crypto-Games Nickname:  Grayson146

Merry Christmas Crypto-Games.net and all wonderful friends and players!
2628  Bitcoin / Bitcoin Discussion / Re: What does a President Trump mean for Bitcoin? on: December 22, 2016, 11:07:47 PM
I think that he doesn't have any opinion about Bitcoin and just doesn't care. The question is has he even heard of it. He made his fortune on different way and that is what bothers him.
Don't think that the fact he's been elected will influence Bitcoin in good or bad way.

I agree. probably he said bitcoin to impress people to choose him as a president. but I see he does not really care about bitcoin, and I am not sure he really knows what bitcoin is. even if he was serious about bitcoin, probably he would promote it to the people, but I am not really sure. imo.
If the president elect of the most advanced economy does not know about bitcoin according to you, is it Robert Mugabe that would? We all can agree that the recent increases in the price of bitcoin was spurred by goings-on from a number of countries, but not necessarily of the governments of anyone of those countries taking any positive step in the direction of bitcoin. Rather it was there calculated moves to take the shine out of the coin one way or the other that turned out to polish and got its value appreciating.
2629  Bitcoin / Bitcoin Discussion / Re: Effects of Banning Bitcoin ? on: December 22, 2016, 09:52:54 PM
If bitcoins is banned totally there will be chaos all over the globe as many people have saved their money as bitcoins .otherwise the litecoins price will increase a lot and people will change to it .
now many people are saving their investment in bitcoin. if banning the case, then chaos will engulf the entire world.
it will affect the systematic and also a bad effect on the system of government in the country doing the regulation.
Who is government and who is to do the banning? How can something free, borderless and decentralized be banned? Have countries like China and Russia not experimented with banning bitcoin, didn't they succeed instead in making bitcoin more popular and sought after in both countries?

If banning bitcoin were to be all said and done, most governments would have long put paid to that, but bitcoin is something they cannot help. I think governments are rather looking for means to flog bitcoin into line, because, banning just won't work.
2630  Bitcoin / Legal / Re: Bitcoin in Russia is either banned or accepted? on: December 22, 2016, 08:31:10 PM
to me the government of Russia has also not given yet any statement about bitcoin, therefore people are using it as legal currency, but if their government consider it as illegal then it will really become difficult for them to use it.
I think the Government of Russia will ban bitcoin although there has been no official statement. all countries know that the use of the bitcoin will officially make a country's currency can be abandoned. In addition to this is the issue of taxes, with the State would certainly difficult bitcoin collect taxes, because the Government had no control over bitcoin.
Where did you get that the idea that the use of bitcoin goes to destroy a country's local currency? We know the Dollar have been part and parcel of many countries other than the real owner America, yet no recorded incident of the dollar edging out any local currency.

Bitcoin is an emerging technology and many countries are undecided what to do with it, so not to end up shooting themselves in the leg. Russia is really not keen about banning bitcoin, because in the short while they tried to move in that direction, they got the rude awakening that a boarderless, free and decentralized currency cannot be swept under the carpet. So now, they are probably marking time to see what the U.S. comes up with and key in.

2631  Bitcoin / Bitcoin Discussion / Re: Why some people prefer Bitcoin over fiat ? on: December 22, 2016, 07:57:06 PM
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?

You can do the same in the real world with fiat currency, is not only related to bitcoin. The BTC is for transferring value over the without any central authority.

I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ?

People will do the same activities with fiat, and bitcoin are not responsible for that. I think you can see like the ethical way you use the currency, in any modern society you always have someone who will use it for another purpose.

It should not be seen as the fault of bitcoin when some people chose to use it for negativity, because we are living in a free society these days and some persons are only happy, when they swim against the tide! Nevertheless, for majority of bitcoiners, they are unto bitcoin, because they see its huge potentials and the bright future ahead of it.
2632  Economy / Trading Discussion / Re: price action trading strategies. on: December 22, 2016, 11:51:03 AM
If you are going to be a good and profitable trader, don't raise your foundation on the structured put in place by another trader. On looking at a market chart or another trader's market decisions, if it's all Latin, then trading is probably not your thing and there is no need forcing or faking it, trading is not suitable for everyone. Signals providers are no magicians, so you need to be able to verify their positions, if you must use one, that's what makes for successful trading - not just a copy cat.
2633  Economy / Trading Discussion / Re: What do you do when BTC shoots up? on: December 22, 2016, 11:35:36 AM
Whenever the price increases a number of people often say that the price will go down again but I do not believe on it and I still keep my coins with me and hope for a better future and a further increase in the coming future so I do not sell them all and remain normal but only sometimes I use or sell some of them.
yeaa common people will keep being pessimistic in bitcoin .
but not with the real bitcoin miner/holder who have a strong believe in bitcoin as they know the real facts.
bitcoin will keep increasing as time goes by, and once the price shoots up some people will let it to sell all the coin and leaving but some people will keep holding till they think urgently needed or even will never ever sell the coins!
At that time keep holding is necessary for the reason that if everyone start to sell their coins then the supply will be increased much higher and the demand will be lowered down and then once again the good time will finish by decreasing the value. So the intelligent people do not sell at that time but they start to buy more bitcoins.
The price of any asset never stays all time high as market forces would always give room for market peaks and troughs without necessarily altering the overall market trend. For experienced traders, once a market trend is confirmed, their quest turns to hunting for market troughs, so to buy at cheaper rates again.
2634  Bitcoin / Bitcoin Discussion / Re: Effects of Banning Bitcoin ? on: December 22, 2016, 11:16:46 AM
For now no one country is going to ban bitcoin, I think bitcoin is going to be banned by all countries only in one case - when the price for bitcoin will rise extremely high. In that case many people will try to cash out their bitcoins and in some blaces it may be just not enough money for such transaction or at once many people will be rich.
Yes, no one country ban bitcoin but no one country accepted bitcoin. In my country using bitcoin is illegal because bitcoin can use for money laundry.
So money laundry started off with bitcoin or it has always been there well before bitcoin came on board? Now you know, the reason even those engaged in money laundry prefer bitcoin is because, bitcoin among other attributes, offers more secured, very cheap, instantaneous means for international monetary transactions and also the opportunity to make the transactions anonymous. People always prefer the best or do you know of any other money that comes close?
2635  Economy / Trading Discussion / Re: Is Holding Bitcoin a long time good way to make money? on: December 22, 2016, 10:54:13 AM
Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.


Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

All agree that buying and holding bitcoin is a good business decision, but something missing is that buying at just any price won't always corroborate our assumption. There is need to time when to buy some bitcoin, so that one does not end up having overpriced coins in one's hand, which might take a very long wait , if at all, to retest same price again.
2636  Economy / Trading Discussion / Re: What is your trading strategy? on: December 22, 2016, 10:37:19 AM
I don't have a great trading strategy all i do is budgeting to make sure that i will have a fair enough bitcoins to save for the long term and not all the bitcoins will be on trading because we know that trading always has a risk of getting loss so it is better to do budgeting so if ever that you loss in your latest trade you can come up and get recover that loss using your bitcoin savings Cheesy.
No time is too late to start learning, especially something that could add color to your future and no knowledge is waste. What is good is that there are far too many free resources online you can start learning from, if you let google be your guide. As for me, my favorite strategy is that of waiting market bounces or breakouts at support and resistance levels. Pivot points or Fibonacci retracement, gives me good head, when it is appropriate to take some positions. Must say that patience is highly needed to be able to use this strategy.
2637  Economy / Services / Re: Byteball Signature Campaign(Under new management) on: December 22, 2016, 09:42:23 AM
Welldone Yahoo for smooth running of this campaign. I didn't make much posts last week, so I got nothing - that's ok. Today I have been promoted to the rank of Full member, perhaps you can reflect that in the chart for this final lap.
2638  Economy / Trading Discussion / Re: Is Binary Options The Same as Trade? on: December 22, 2016, 09:05:17 AM
Binary option can very well be gambling if all a trader does is to close his/her yes and say, yeah it is going to go up now. But when a trader is able to back his trading decisions on sound fundamental and technical analysis, then binary option becomes everything, a smarter way to trade in the financial market.

What is not immediately obvious with binary option is that, binary options is really not all about choosing that a market would go up or down. With experience, a trader can delve into options that gives a trader higher probability of ending in the money. For instance, the touch or touch not options, higher than or lower than, etc are far safer ways to trade binary options than the conventional up or down.
2639  Economy / Trading Discussion / Re: Arbitrage trading ? on: December 22, 2016, 07:51:39 AM
Bitcoin arbitrage trading is tough, because you need to take into account all the fees, which might be a pain to program. Not only that, but the small margin opportunities you have will become negative after fees (ie 10$ more on site X, but site Y charges a 2% fee on purchasing). Maybe focus on arbitrage trading altcoins (made around 0.005BTC from arbing ~0.5BTC total on LTC), or try selling on localbitcoins (usually 20+ dollars over spot), and buy the BTC from an exchange when someone wants to buy.

That is right, you must factor the charges and fees. Remember that when you buy, there is a charges and when you transfer in another exchanges there is another charge, and finally when you sell its another charges. Its better to figure this out,so that you can minimize your losses.
So the arbitrage is not advisable right? Because as see they full of fee transaction. Maybe the better we so is stick into one place and wait that the bitcoin price also get high in that exchanger. Yes its better to figure it out because every cent is important.
There are quite a number of exchanges out there and there rates do not respond to changes in market prices with same speed, so arbitrage opportunities can never be ruled out, only that a trader have to be properly equipped and ready to take action all too soon one is spotted, because these days exchanges deploy very powerful computers to check and offset arbitrage opportunities.

A good way to go about it, is by employing a smart bot and by having good enough funds sitting in one's account in as many exchanges as possible. Something worth giving a second thought here, is that leaving huge amounts in exchanges is not in the best interest of any trader.
2640  Bitcoin / Bitcoin Discussion / Re: Is there new people coming to Bitcoin? on: December 20, 2016, 10:49:29 AM
People will look for new investment opportunities and since bitcoin is booming at the moment new people will be attracted to the new technology. Bitcoin started the revolution and now we have an entire market for trading .
There will always be a point of attraction in anything attractive and bitcoin being an investment asset is one such point of attraction among many. Bitcoin holds a lot of answers to financial issues confronting people across the globe, that hardly anyone comes across it and understanding what potentials  it is endowed with and not get hooked!
Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!